万科资产负债表分析.pptxVIP

一、水平分析动额变动（%）对总资产的影响(%)流动资产货币资金34,239,50037,816,900-3,577,400-9.46%-1.66%应收账款1,514,8101,594,020-79,210-4.97%-0.04%预付款项20,116,20017,838,0002,278,20012.77%1.06%其他应收款18,440,60014,938,3003,502,30023.45%1.62%存货208,335,000133,333,00075,002,00056.25%34.78%流动资产合计282,647,000205,521,00077,126,00037.53%35.77%非流动资产可供出售金融资产441,262404,76436,4989.02%0.02%长期股权投资6,426,4904,493,7501,932,74043.01%0.90%投资性房地产1,126,110129,176996,934771.76%0.46%固定资产原值2,121,1901,674,410446,78026.68%0.21%累计折旧525,329454,82870,50115.50%0.03%固定资产净值1,595,8601,219,580376,28030.85%0.17%固定资产净额1,595,8601,219,580376,28030.85%0.17%在建工程705,553764,282-58,729-7.68%-0.03%无形资产435,474373,95261,52216.45%0.03%长期待摊费用40,999.4032,161.408,838.00 27.48%0.00%递延所得税资产2,326,2401,643,160683,08041.57%0.32%其他非流动资产463,7931,055,990-592,197-56.08%-0.27%非流动资产合计13,561,80010,116,8003,445,00034.05%1.60%资产总计296,208,000215,638,00080,570,00037.36%37.36%据上表，可以对万科的总资产变动情况作出以下分析评价：万科的总资产本期增加80,570,000千元，增长幅度为37.36%，说明万科本年资产规模有较大幅度的增长。进一步分析，可以发现：（1）流动资产本期增加77,126,000千元，增长幅度为37.53%，使总资产规模增长了35.77%。非流动资产本期增加了3,445,000千元，增幅为34.05%，使总资产规模增长了1.60%，两者合计使总资产增加了80,570,000千元，增幅为37.36%。（2）本期总资产的增加主要体现在流动资产的增长上。其一是存货的大幅增长，本期增加了75,002,000千元，增幅为56.25%，促使总资产增长了34.78%，这其中有政府调控政策的影响。其二是其他应收款的增长，增幅为23.45%，使总资产增加了1.62%。其三，不可忽视的是货币资金的减少，虽然对总资产的影响只有-1.66%，但这说明，本期万科的偿债能力是有所下降的，对于一个房产的龙头企业来说，这并不是一个好的信号，即使资产总额是增加的。（3）非流动资产的增长主要体现在长期股权投资的增长上，本期增加了1,932,740千元，增幅为43.01%，使总资产增长了0.90%。其他的对总资产的影响太小，这里就不做详细的分析的。流动负债 2011 2010 变动额 变动(%)对总资产的影响(%)短期借款1,724,4501,478,000246,45016.67%0.11%交易性金融负债17,041.8015,054.501,987.3 13.20%0.00%应付票据31,250031,2500.00%0.01%应付账款29,745,80016,923,80012,822,00075.76%5.95%预收账款111,102,00074,405,20036,696,80049.32%17.02%应付职工薪酬1,690,3501,415,760274,59019.40%0.13%应交税费4,078,6203,165,480913,14028.85%0.42%应付利息272,299127,807144,492113.05%0.07%其他应付款30,216,80016,814,00013,402,80079.71%6.22%一年内到期的非流动负债21,845,80015,305,7006,540,10042.73%3.03%流动负债合计200,724,000129,651,00071,073,00054.82%32.96%长期借款20,972,00024,790,500-3,818,500-15.40%-1.77%应付债券5,850,4005,821